14 years 13 March at 4:01PM in Credit file & ratings 10 replies 395 views

oakley2023

I'm looking for some advice if possible 
I left my ex husband 14 years ago, we had a joint mortgage and within the divorce we agreed on a transfer of equity to him. 
The mortgage disappeared from my credit file and that was that 
14 years gone last month when I left
Today I have received a notification to say there has been a change in my credit score. 
Unbelievably £58k default is showing, a mortgage! (I check my report regularly) 
My ex is up for eviction due to none payment 
My solicitors I used is no long open and i have no paperwork at all
How can they just sick it on my file after 14 years?

sourcrates

Transfer of equity is an entirely separate issue to still being liable for the mortgage.

You can`t just be taken off a joint mortgage agreement, when someone is removed from the title, they are also leaving the credit agreement that the mortgage represents.
As with any credit agreement, you cannot simply step away from it, you first must resolve the debt you still owe.

Did you do that ? or was it just a case of leaving your ex to make the payments ?

oakley2023

We agreed he had the house and make the payments 
The mortgage was removed from my credit file over 10 years ago
He has got into debt and an eviction notice has been given, it's been passed to a debt collection company and they are the ones sho has put it on my credit file 

MorningcoffeeIV

oakley2023 said:

We agreed he had the house and make the payments 
The mortgage was removed from my credit file over 10 years ago

But did he remortgage on his own?

You'd have been advised if you redeemed the mortgage. 

Your credit files isn't necessarily an indicator of your liability.

oakley2023

I have no idea
I moved miles away after my divorce so he couldnt find me 
They mortgage disappeared on my file, he didnt and doesnt know where I live 
This has just appeared yesterday after many years 

sourcrates

Debt collection companies cannot report to your credit file, debt purchasing companies can, as the debt will have been fully assigned to them, what is the company name ?

It may very well be that you still retain joint and several liability for this debt if your name never came off the mortgage, just relinquishing equity, does not release you from liability for the debt.

Has this debt company written to you at all ?

oakley2023

No, I have never heard of them until today. I didnt know anything at all about any of it
They are Mars Financial Ltd
I spoke with them today and they were very unhelpful 

LunaLater

From what you have written you were possibly never removed from the mortgage.

Did you get written compensation from the lender that your name was removed? 

Catsacor

I agree, it sounds as if the mortgage company are still owed the monies and you didn't go through the correct way to remove yourself from it so therefore a large debt is owed.

Walking away from the debt, and your ex not being responsible, has meant that the mortgage was left to run/manage itself - which it can't - and now it needs repaying.

This now requires a whole new set of discussions with all parties to resolve it.

backinbusiness

Don't know where you are based, however the Divorce should have clearly dealt with the mortgage one way or another.  Do you still have any work pertaining to the financial details / settlement?  BiB x

sourcrates

Mars Capital are a part of the Arrow Global Group of companies, they specialize in buying mortgage products that have fallen behind with payments, just to be clear, this is not a mortgage shortfall debt, yet, its not progressed that far, the account would appear to be still live.

If your ex has stopped paying this, then nature will obviously take its course, and repossession will likely follow.

You say they have not yet written to you, so my advice would be to stay off the phone, and see what happens going forward, you obviously don`t want to be paying for the roof over his head, so let the process unfold, and see if they write to you, if they do, let us know, and we can advise further.